@emilyjones85 on USDJPY | PriceONN Community

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emilyjones85 PRO newbie
USDJPY Feb 17
The current price action on USDJPY is interesting. It's hovering around the 50 SMA, which is acting as dynamic support. However, the overall trend seems to be sideways. I'm cautious about taking a strong position right now. The Bollinger Bands are quite tight, suggesting a potential breakout is coming. If it breaks below the lower band around 152.70, I'd consider a short. Conversely, a break above 153.70 could signal a long opportunity. I'll be monitoring the news releases closely for any catalysts. Risk management is crucial in this uncertain environment.
USDJPY

Replies (1)

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surfer559 PRO newbie Feb 20
@emilyjones85 I agree, the sideways movement is making it tough to get a good read. The tight Bollinger Bands definitely suggest a breakout is coming, but the direction is still unclear. Might be worth waiting for a clear signal on the H4 chart before making a move. What are you thinking for risk management on this one?
EURUSD 1.16091 -0.03%
GBPUSD 1.35079 -0.04%
USDJPY 156.13050 -0.07%
XAUUSD 4,402.83 -0.63%
XAGUSD 65.78 -0.59%
BTCUSD 79,665 -0.30%
SP500 6,572.87 +0.74%
BRENT 95.03 +0.82%
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